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August 2022

Mark Zuckerberg to Overhaul Meta’s Metaverse App Horizon Worlds After Criticism of Its Simple Graphics

Mark Zuckerberg to Overhaul Meta’s Metaverse App Horizon Worlds After Criticism of Its Simple Graphics

Meta CEO Mark Zuckerberg has decided to overhaul the company’s flagship metaverse app Horizon Worlds after it received heavy criticism due to its graphic simplicity. The backlash was received as a consequence of one of the selfies of Zuckerberg’s avatar in Horizon Worlds presented to illustrate the launch of the platform in Spain and France. […]

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Arrest of Tornado Cash Developer Draws Dutch Crypto Community Protest

Arrest of Tornado Cash Developer Draws Dutch Crypto Community Protest

After the detention of Alexey Pertsev, campaigners worry holding developers accountable for malicious use of their code could have a dangerous, chilling effect. More than 50 people gathered in Amsterdam’s Dam Square on Saturday to protest the arrest of blockchain developer Alexey Pertsev, who was was arrested Aug. 10 and is suspected of involvement in

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Crypto Unicorns founder says P2E gaming is in a long ‘maturation phase’

Crypto Unicorns founder says P2E gaming is in a long ‘maturation phase’

Crypto Unicorns founder Aron Beireschmitt chats with NFT Steez about the key components blockchain-games need to build sustainable in-game play-and-earn economies. As the hype surrounding play-to-earn (P2E) games and platforms began to dwindle in early 2022, Web3 participants began to emphasize the need for games to be more “fun” and less finance-oriented. In the most

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Warren Buffett gets permission to buy up to half of Occidental Petroleum, boosting the shares

Warren Buffett gets permission to buy up to half of Occidental Petroleum, boosting the shares

Warren Buffett’s Berkshire Hathaway on Friday received regulatory approval to purchase up to 50% of oil giant Occidental Petroleum. Shares of Occidental jumped 10% on the news to close at $71.29 apiece, pushing their 2022 gains to more than 145%. On July 11, Berkshire filed an application with the Federal Energy Regulatory Commission to buy more of the

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Japan’s Financial Giant SBI Group to Shut Down Crypto Mining Operations in Russia

Japan’s Financial Giant SBI Group to Shut Down Crypto Mining Operations in Russia

Japanese financial giant SBI Group announced that it will shut down its crypto mining operations in the entire country of Russia. Since the outbreak of the big Russian-Ukrainian war on February 24 this year, the company has terminated its crypto mining operations in Russia’s Siberia region. Chief Financial Officer Hideyuki Katsuchi announced plans to sell machinery and

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Moscow Exchange Prepares to List Digital Financial Assets by Year End

Moscow Exchange Prepares to List Digital Financial Assets by Year End

Russia’s largest market for equities, bonds, and derivatives, the Moscow Exchange, intends to launch a product based on digital financial assets by the end of the year, an executive has revealed. The trading platform is already working with a partner to organize the placement of digital tokens. Russia’s Top Exchange to Facilitate Trading of Financial

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Ripple CTO lashes back at Vitalik Buterin for his dig at XRP

Ripple CTO lashes back at Vitalik Buterin for his dig at XRP

David Schwartz compared crypto miners in the Ethereum and Bitcoin ecosystems to shareholders of eBay, which he believes makes BTC and ETH securities as well. In a discussion that started around two Ontario crypto exchanges’ recent 30,000-Canadian-dollar limit on altcoins purchases — which excluded Ether (ETH), Litecoin (LTC) and Bitcoin Cash (BCH) — Ethereum co-founder Vitalik Buterin took a

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Bankrupt Crypto Lender Celsius Now Says It Likely Has Enough Cash to Last Through End of Year

The chief financial officer said during a bankruptcy hearing the company will receive additional funds via maturing loans, and sales and use tax savings. Bankrupt crypto lender Celsius Network now likely has enough money to fund its operations until the end of the year, Chief Financial Officer Chris Ferraro testified Friday during a bankruptcy hearing

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OVER 400 AUSTRALIAN RETAILERS NOW ACCEPT BITCOIN AS PAYMENT

A partnership between Crypto.com, tech firm DataMesh and gas chain OTR is enabling customers to use bitcoin as payment in hundreds of stores in Australia. Australian consumers can now use bitcoin for everyday purchases at over 175 OTR locations and 250 Peregrine Corp. locations. OTR partnered with Crypto.com to provide instant fiat conversions from bitcoin

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